menu icon

Transit rent paid by builder not income, cant be taxed: Bombay HC

Dated on: Tuesday 28th May 2024

In a landmark ruling, the Bombay High Court has determined that transit rent, paid by developers to flat owners/tenants during dispossession, is not considered a revenue receipt and thus not taxable for the recipient. Consequently, developers are not required to deduct tax at source (TDS) from these payments.

 

Source: ET Realty

More News
jcb truck1 car1 car2 truck2

About RERA Filing

About Us
Site Map
Contact us
RERA Enquiry
Feedback
Become a Partner
Disclaimer
Privacy Policy

RERA Services

Agent Registration
Project Registration
RERA Consultancy
RERA Training
Project Extension
Project Quarterly Compliances
Change in Bank Account
Change in Project Name
Apply for Completion of Project

Useful Links

RERA Blogs
RERA News
RERA Videos
RERA Fees calculator
Infographics
RERA Quiz
RERA Consultancy
Research
Become an Expert
FAQ's
Events
RERA Services

RERA in states

RERA in Maharashtra
RERA in Karnataka
RERA in Telangana
RERA in Andhra Pradesh
RERA in Delhi
RERA in Uttar Pradesh
RERA in Haryana
RERA in Gujarat
RERA in Bihar
View All

Disclaimer - RERA Filing is a private company which do registration and RERA Consultancy. It is not a government organisation.

Copyright © 2024 RERA Filing. All rights reserved.

1